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Kerala government to accept TCCs debt recast plan
 
Kerala government to accept TCCs debt recast plan
Kerala state government is likely to confirm the debt restructuring proposal of the state-owned Travancore Cochin Chemicals Ltd(TCC) at nearby Eloor. Positive step to ease the companys debt burden has been taken by chief minister, Oommen Chandy otherwise if the approach would not have been taken than the debt burden would have blocked its capacity expansion, which is necessary to meet the potential increase in demand in its captive market.
Posted On : 10/1/2005 2:06:18 PM

 
 
 
Kerala government to accept TCCs debt recast plan